Oppenheimer Holdings, Inc. Reiterates “$16.00” Price Target for Mesoblast Limited (MESO)

Mesoblast Limited (NASDAQ:MESO) has been given a $16.00 price objective by investment analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday. The firm presently has a “buy” rating on the stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 196.30% from the company’s current price.

Several other research firms have also recently commented on MESO. BidaskClub cut Mesoblast Limited from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Maxim Group set a $14.00 target price on Mesoblast Limited and gave the company a “buy” rating in a research note on Wednesday, August 16th. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 target price on shares of Mesoblast Limited in a research note on Wednesday, August 30th. ValuEngine cut Mesoblast Limited from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. Finally, CIBC began coverage on Mesoblast Limited in a research report on Thursday, August 31st. They issued an “outperform” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.14.

Shares of Mesoblast Limited (MESO) opened at $5.40 on Tuesday. Mesoblast Limited has a 52 week low of $4.39 and a 52 week high of $12.50.

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